Sec. 50. When prior party may negotiate instrument.

- Where an instrument is negotiated back to a prior party, such party may, subject to the provisions of this Act, reissue and further negotiable the same. But he is not entitled to enforce payment thereof against any intervening party to whom he was personally liable. IV. RIGHTS OF THE HOLDER Sec. 51. Right of holder to sue; payment. - The holder of a negotiable instrument may to sue thereon in his own name; and payment to him in due course discharges the instrument. Sec. 52. What constitutes a holder in due course. - A holder in due course is a holder who has taken the instrument under the following conditions:chanroblesvirtuallawlibrary (a) That it is complete and regular upon its face; (b) That he became the holder of it before it was overdue, and without notice that it has been previously dishonored, if such was the fact; (c) That he took it in good faith and for value; (d) That at the time it was negotiated to him, he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it. Sec. 53. When person not deemed holder in due course. - Where an instrument payable on demand is negotiated on an unreasonable length of time after its issue, the holder is not deemed a holder in due course. Sec. 54. Notice before full amount is paid. - Where the transferee receives notice of any infirmity in the instrument or defect in the title of the person negotiating the same before he has paid the full amount agreed to be paid therefor, he will be deemed a holder in due course only to the extent of the amount therefore paid by him. Sec. 55. When title defective. - The title of a person who negotiates an instrument is defective within the meaning of this Act when he obtained the instrument, or any signature thereto, by fraud, duress, or force and fear, or other unlawful means, or for an illegal consideration, or when he negotiates it in breach of faith, or under such circumstances as amount to a fraud. Sec. 56. What constitutes notice of defect. - To constitutes notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action in taking the instrument amounted to bad faith. Sec. 57. Rights of holder in due course. - A holder in due course holds the instrument free from any defect of title of prior parties, and free from defenses available to prior parties among themselves, and may enforce payment of the instrument for the full amount thereof against all parties liable thereon. robles virtual law library Sec. 58. When subject to original defense. - In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were nonnegotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.

Sec. 59. Who is deemed holder in due course. - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as holder in due course. But the last-mentioned rule does not apply in favor of a party who became bound on the instrument prior to the acquisition of such defective title. V. LIABILITIES OF PARTIES Sec. 60. Liability of maker. - The maker of a negotiable instrument, by making it, engages that he will pay it according to its tenor, and admits the existence of the payee and his then capacity to indorse.

Sec. 15. Incomplete instrument not delivered. - Where an incomplete instrument has not been delivered, it will not, if completed and negotiated without authority, be a valid contract in the hands of any holder, as against any person whose signature was placed thereon before delivery. Sec. 27. When lien on instrument constitutes holder for value. Where the holder has a lien on the instrument arising either from contract or by implication of law, he is deemed a holder for value to the extent of his lien.

GREEN VALLEY COLLEGE Km.2, Gen.Santos Drive, City of Koronadal

RF-RES-011-001 August 13, 2012 Page 1 of 1

School of Management

Mayor Peter B. Miguel MD.,FPSO-HNS Mayor City Government of Koronadal Koronadal City, South Cotabato
Dear Mayor Peter B. Miguel, FPSO-HNS,

Greetings of Peace and Hope!

The students of Green Valley College under the School of Management would like to ask permission from your good office to allow them to be given an access in information specifically on the proposed Integrated Public Transportation Terminal at Purok Yellowbell, Sta. Cruz. This is part of their academic requirement. The students will have a thesis entitled FEASIBILTY STUDY ON ESTABLISHING INTEGRATED PUBLIC TRANSPORTATION TERMINAL AT PUROK YELLOWBELL, BRGY. STA. CRUZ, CITY OF KORONADAL. We do assure your office that the information that will be given will be used purely on research basis and not for any other purpose.

These are the following students who will conduct the research study:

KRISTINE S. SALVATIERRA BSBA-MA REZEL A. FUNTILAR BSBA-MA SHEILA MAE F. JUTAR BSBA-MA We are hoping for your favorable response. Thank you so much and God bless!

Respectfully Yours,

Dawn Albert Pates Professor Seminar in Research

Noted by:

Dr. Nelia S. Beltran MBA Research Director

Myra Love Arceo MBA VPAA Approved by:

Romeo A. Sustiguer Jr.

r . , M B A , C P M

S c h o o l P r e s i d e n t